Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Malawian Kwacha/South African Rand (FOREX:MWKZAR)

Crossroads (+60) - MWKZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MWKZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MWKZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	MWKZAR Price	Change
0.01105496	0.01110719	0.01105496	0.01110719	+0.00005200
Entry Signal

MarketClub’s Trade Triangles for MWKZAR

The long-term trend has been DOWN since Jul 23rd, 2023 at 0.01744927

The intermediate-term trend has been UP since Apr 16th, 2024 at 0.01093699

The short-term trend has been UP since Apr 11th, 2024 at 0.01078074

Smart Scan Analysis for MWKZAR

Based on our trend formula, MWKZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.01105496	0.01110719	0.01105496	0.01110719	+0.00005200
Prev. Close	Volume	Bid	Ask	Time
0.01097381				2024-04-24 21:01:07

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